By Masood Sattar Khan
(Pakistan News & Features Services)
COVID-19 may not have entirely ruined the global economy but it has affected it badly. China, however, has witnessed rapid expansion in food delivery in its first half of 2020 as more people have opted to place online food orders amid the pandemic, according to a latest industry report.
Food delivery is estimated to account for about 20 percent of China's catering industry in 2020 so far, according to the report released by the Meituan Research Institute and the China Hospitality Association.
The report predicted that the market will continue to expand within the next three years to reach one trillion Yuan (about 142 billion U.S. dollars).
Affected by the novel coronavirus outbreak, restaurants saw fewer dine-in customers and had heavy rent and payroll burdens, revealed a survey conducted by the Meituan Research Institute.
Many restaurants turned to food delivery to increase their income and tide over difficulties. Some 55 percent of the businesses surveyed said that they planned to develop their dine-in and delivery services equally in the future.
By the end of 2019, the number of food delivery consumers in China had reached 460 million, approximately half of the country's internet users.
The report predicted that the market will continue to expand within the next three years to reach one trillion Yuan (about 142 billion U.S. dollars).
Affected by the novel coronavirus outbreak, restaurants saw fewer dine-in customers and had heavy rent and payroll burdens, revealed a survey conducted by the Meituan Research Institute.
Many restaurants turned to food delivery to increase their income and tide over difficulties. Some 55 percent of the businesses surveyed said that they planned to develop their dine-in and delivery services equally in the future.
By the end of 2019, the number of food delivery consumers in China had reached 460 million, approximately half of the country's internet users.
Comments
Post a Comment